In recent stock market developments, Wells Fargo has announced an update regarding Array Technologies (ARRY, Financial), maintaining its "Equal-Weight" rating.
The financial services company, led by analyst Michael Blum, has raised its price target for Array Technologies from $7.00 to $8.00. This adjustment signifies a 14.29% increase in the price target, with the revised figures reflecting the company's current outlook.
The necessary revisions came into effect on June 20, 2025, as part of Wells Fargo’s regular market analysis and evaluation conducted by their research team.
Array Technologies (ARRY, Financial) continues to be evaluated under the "Equal-Weight" status by Wells Fargo, suggesting a balanced view of the stock’s potential performance in the market.
Investors are advised to take note of these updates as they navigate their decisions concerning Array Technologies, while Wells Fargo continues to monitor the company’s market trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Array Technologies Inc (ARRY, Financial) is $8.71 with a high estimate of $13.00 and a low estimate of $5.00. The average target implies an upside of 15.51% from the current price of $7.54. More detailed estimate data can be found on the Array Technologies Inc (ARRY) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Array Technologies Inc's (ARRY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Array Technologies Inc (ARRY, Financial) in one year is $11.69, suggesting a upside of 55.04% from the current price of $7.54. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Array Technologies Inc (ARRY) Summary page.
